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Despite a volatile year and a slowing global economy, these stock markets have delivered healthy gains in 2012, according to CNN Money.
Let's take a look at 25 best-performing stock markets in the world.
Source: CNN Money
NOTE: Benchmark index year-to-date performance as of November 14, 2012.
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India
Year-to-date gain: 21 per cent
Global rank: 12
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Pakistan
Year-to-date gain: 33 per cent
Global rank: 4
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The United States
Year-to-date gain: 6 per cent
Global rank: 36
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New Zealand
Year-to-date gain: 28 per cent
Global rank: 8
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Australia
Year-to-date gain: 15 per cent
Global rank: 18
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South Korea
Year-to-date gain: 10 per cent
Global rank: 27
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Taiwan
Year-to-date gain: 11 per cent
Global rank: 25
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The Philippines
Year-to-date gain: 26 per cent
Global rank: 9
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Thailand
Year-to-date gain: 28 per cent
Global rank: 7
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Singapore
Year-to-date gain: 13 per cent
Global rank: 23
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Malaysia
Year-to-date gain: 13 per cent
Global rank: 21
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The United Arab Emirates
Year-to-date gain: 19 per cent
Global rank: 14
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Saudi Arabia
Year-to-date gain: 6 per cent
Global rank: 34
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Israel
Year-to-date gain: 6 per cent
Global rank: 35
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Turkey
Year-to-date gain: 43 per cent
Global rank: 3
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Greece
Year-to-date gain: 15 per cent
Global rank: 19
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Hungary
Year-to-date gain: 21 per cent
Global rank: 13
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Austria
Year-to-date gain: 13 per cent
Global rank: 22
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Poland
Year-to-date gain: 22 per cent
Global rank: 11
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Germany
Year-to-date gain: 14 per cent
Global rank: 20
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France
Year-to-date gain: 7 per cent
Global rank: 33
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Switzerland
Year-to-date gain: 11 per cent
Global rank: 26
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Norway
Year-to-date gain: 7 per cent
Global rank: 31
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Denmark
Year-to-date gain: 24 per cent
Global rank: 10
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South Africa
Year-to-date gain: 18 per cent
Global rank: 16